Meridian Funds, managed by ArrowMark Partners, released its “Meridian Small Cap Growth Fund” fourth quarter 2024 investor letter. The U.S. election results, inflation, and interest rate direction influenced markets in the quarter. This led 7.1% gain in large cap growth stocks, resulting in 33.4% annual gains. Small cap growth stocks initially surged post-election, but US Federal Reserve's measured approach to rate cuts in 2025 and strong economic data reversed these gains. The market's initial optimism had given way to a more cautious perspective by the end of the year. The fund...
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